Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Uploaded on Jan 12, 2011
http://www.NewWaveSlave.com - Meredith Whitney discusses her now famous call on municipal defaults in 2011. Whitney expects 50-100 municipal defaults and says there is a total of $3trillion in total Muni debt. The end of "Buy America Bonds" & stimulus money will force municipalities to collapse/merge in order to protect the state. Meredith Whitney states that it isn't the severity, but the frequency of defaults which will lead to indiscriminate selling.
Favorite quote: politicians will have to answer the question of whether to default to bond holders or their constituents. (great question!) Enjoy the video! NewWaveSlave.com